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2023-080 Resolution
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2023-080 Resolution
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8/17/2023 3:38:55 PM
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North Olmsted Legislation
Legislation Number
2023-080
Legislation Date
8/15/2023
Year
2023
Legislation Title
Fourth Amendment to Option and Ground Lease at Recreation Center
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the foregoing, Lessor may sell or grant the easement or interest in the Property in accordance with the <br />terns of such bona fide offer. <br />33. Miscellaneous. <br />(a) Each party agrees to furnish to the other, within ten (10) days after request, <br />such truthful estoppel information as the other may reasonably request. <br />(b) This Lease constitutes the entire agreement and understanding of the parties <br />with respect to the subject matter of this Lease, and supersedes all offers, negotiations and other <br />agreements. There are no representations or understandings of any kind not set forth herein. Any <br />amendments to said Lease must be in writing and executed by the parties. <br />(c) If either party is represented by areal estate broker in this transaction, that <br />party shall be fully responsible for any fees due such broker and shall hold the other party harmless <br />from any claims for commission by such broker. <br />(d) Lessor agrees to cooperate with Lessee in executing any documents necessary <br />to protect Lessee's rights under this Lease or Lessee's use of the Premises, including but not limited to <br />affidavits relating to title curative measures and subordination and non -disturbance agreements and to <br />take any further action which Lessee may reasonably require as to effect the intent of this Leese. <br />(e) This Lease shall be construed in accordance with the laws of the state in <br />which the Premises is situated. <br />(t) If any term of this Lease is found to be void or invalid, such invalidity shall <br />not affect the remaining terms of this Lease, which shall continue in full force and effect. <br />(g) Upon request of Lessee, Lessor shall promptly execute and deliver to Lessee <br />such documents as Lessee requests to evidence Lessee's rights in the Premises, including a <br />memorandum of option and a memorandum of lease and/or amendments thereto. Lessee may file such <br />documents of record in the property records in the county in which the Premises are located. <br />(h) Lessee may obtain title insurance on its interest in the Premises and Easement, <br />and Lessor shall cooperate by executing documentation required by the title insurance company. In the <br />event the Premises is encumbered by a mortgage or deed of trust, Lessor agrees to obtain and furnish, <br />within thirty (30) days written request by Lessee, a non -disturbance agreement to the effect that Lessee <br />and Lessee's sublessees or licensees will not be disturbed in the occupancy of the Premises by any <br />foreclosure; provided that the rights and interests of lessee under this Lease shall be subject and <br />subordinate to such mortgage or deed of trust. <br />(i) This Lease may be executed in two or more counterparts, all of which shall be <br />considered one and the same agreement and shall become effective when one or more counterparts <br />have been signed by the each of the parties, it being understood that all parties need not sign the same <br />counterpart and that scanned or electronically reproduced copies of this Agreement shall have the <br />same force and effect as originals. <br />to <br />TmomtCo Sim Name: N OlmsaM nee <br />Tow tCo Site NumberOH0391 <br />
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